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US Market session wrapping to set new highs; traders got over concerns about economic recovery
Market recovered losses as stocks rocketed higher this Friday after investors shake off existing growth concerns. All the declines from yesterday were swept away with all benchmark equities setting new all-time highs.
This news suggested the lack of confidence in their country's recovery. The investors were greatly shaken by this causing the downward spike on Thursday's session, but after the equity investors in the US analyzed the Delta variant, it was not marked as a big risk, shaking off the previous concerns.
S&P 500 jumped by more than 1% which was brought by energy, materials and financials sectors. Both the Dow and NASDAQ also managed to set new records, while the 10-year Treasury yield benchmark also reversed the movements on Thursday to end up higher.
An overview of what happen in the market last July 9, 2021 is listed below;
Stocks and Treasuries;
Short list of the top 5 main currencies in the Crypto market is listed below;
Acorns Capital Management Limited